1. Entrepreneur vs Manager
Entrepreneur → A person who starts and runs their own business, takes risks, and is self-dependent.
Manager → A person who works for someone else and manages tasks without taking business risks.
👉 Key difference:Entrepreneurs take risks + own the business, while managers work under someone and don’t bear risk.
2. Intrapreneur
An intrapreneur is like an entrepreneur inside a company.
They create new ideas, innovations, or even new departments within an existing organisation.
👉 Example: An employee in a company creating a new product line.
3. Definition of Entrepreneur (Peter F. Drucker)
Entrepreneurs are innovators who:
Look for changes
Find opportunities
Use innovation to create new businesses or services
👉 Simple idea:Entrepreneurs don’t wait — they spot change and turn it into opportunity.
4. Traits of a Successful Entrepreneur
1. Desire to Do
Strong motivation and willingness to work
Without effort → no success
👉 Not working hard = cannot be a successful entrepreneur
2. Risk Taker
Ready to take calculated risks
This is the core trait of an entrepreneur
3. Responsive
Always active and alert
Finds opportunities in everyday situations
Quick Summary
Entrepreneur = Own + Risk + Innovate
Manager = Work + No Risk
Intrapreneur = Innovate inside a company
Success traits = Desire + Risk-taking + Responsiveness